Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-03-26
BUILDING ASSOCIATIONS
The W0rkiDgmen's Way 10 Wealth and
the Wage Workers Way 10 Home
and His savings Bank.
What Three Associations Have Done in
Fort Worth-One Hundred aud Seventy
Houses Butt and Money Saved.

Fort wOrth-One Hundred aud Seventy
Houses Built and Money Saved.
The Western Building Association
Journal is the name of 3 paper recently
started in st. Louis. THE GAZETTE re-
prints from the salutat0ry Of this new
paper the following paragraph as eppli-
cable not only to Fort Worth but to every
city and town in the state Of Texas:
ct has been said that man who has q
wife and children has given hostages to
society. Recognizing the fact that build
ing associations have, in more than one
large city, practically demonstrated their
worth, in contributing TO good citizen
briefly and thrift, eliminating in
the possession Of home, and
so furnishing an effectual antidote
for the Disconnected spirit CT socialism
that animates so many Of the ''houseless
and homeless" among Us, l shall devote
ithe Journal to the work of popularizing
i.these associations; for notwithstanding
the remarkable interest now being taken
in such societies Especially in the west
and southwest it Is obvious that their
advantages are not generally very well
understood by the great body OF those
who would be most benefited by them;
on the contrary theIe prevails, not only
among the ignorant but among those who
ought to be much better informed, serious
misrepresentation concerning the system,
or even downright hostility to it."
There are building associations in
Fort Worth, and their good work may be
seen of men in
NEARLY 200 HOUSES,
and in the m-ney saved 10 the credit of
wage workers, but, as this St. Louis
journal says, the advantages of these as
SociatiOns are not generally very well IN
derstood by the great body of those who
would be most benefited by them and there
are hundreds of wage workers in Fort
Worth to-day whose pecuniary condition
would be much improved had they availed
themselves of the opportunities offered
by these associations.
The building association is at once
A SAVINGS BANK
and means 10 secure O home to men
who work for wages. The most econom-
ical wage worker finds it difficult to &C
Cumulate money enough to buy a home;
he has no time to seek paying investment
for his small hOaTdings, and the banks
pay no interest on his deposits. II re-
quires no little self-denial to plod on for
years at a salary, when the workman has
A GROWING FAMILY
with increasing needs, in order to save
up small sum weekly or monthly for
that long distant day in the future when
home may be secured; and the tempta
ton is ever present to live for the day
and trust the morrow to take care of
itself. The man who CAP, and does save
SIS to SO e week can find no
investment for so small q
sum, and there are few men with even
small sum of money who do not desire to
increase the amOunt-this is very largely
the feeling that tempts salaried men in
the beginning to the gaming table. It is
| in some measure the hOpelessness of ever
accomplishing their desires with small
savings that leads them to
SQUANDKR THEIR EARNINGS
in expenses beyond their means. "Suf-
ficient unto the day is the evil thereof"
they think, and they pursue that policy
which leads them to discomfort, reckless
ness and, too often, to blind, unreason-
ing prejudice against those who do save
and accumulate wealth or a
competency. The building as
ISOLATION offers an investment
for the smallest savings and thus incul-
Gates and encourages economy; it offers
to the single man an interest on his
weekly hoardiDgs and to tae married man
home at the price of his monthly rental.
THE GAZETTE has been furnished by
Mr.. j. j. Melton information concerning
the three building assoCiOns of which he
is the faithful secretary, and this is
! printed to show the progress Of these in
situations in our city and to attract the
attention Of ali classes to the great
GOOD TO BE ACCOMPLISHED
! by them when conducted on the CO.
! operative plan and Invested of all specu-
! latiVe f atureS.
HOME ASSOCIATIONS.
t4sTbe Fort Worm Building and Loan
! 4 SSoCiatiOn is the Oldest one in the city,
| having been organized November, 1881.
The authorized capital of This association
was $500, 00U and tDe stock now in force
amounts TO SI3I, 400, which is in shares OF
$500 each, held by ninety-three stock
hOlters. On these shares the holders
have paid in $3.50, which payments have
earned in interest S65, and the stock will
| be paid in full with the coming May as
sessment, in which month the assicia-
! IlOu Will CLOSG CUT us Olu DuSln6SSs anu
perhaps issue new series of stock.
About sixty-tiye houses have been built
| COR its members by this association, and
those who have not borrowed
money to build houses will receive
in May 5000 cash for every 1874
tpaid in by them. From this statement it
will be seen that the Fort Worth Build
ing and Loan Association has paid those
men handsomely who have saved and in
vested only $40 per month. The officers
of this association are: X. NJ. Van Zandt,
President; S. M. Fry, Vice-President;
j. j. Melton, Secretary; George II. Mul-
key, Treasurer; j. F. Cooper, Attorney.
Directors: X. NJ. Van Zsndt, Samuel M.
Fry, John F. Swayne, W. G. Turner,
George H. Mulkey. j. F. Cooper, W. L.
Malone, G. NJ. Crane, Jesse Jones, John
J. Massie.
THE WORKINGMEN's.
The Workingmen's Building and Loan
Association was organized February,
1884. The authorized capital is $780,
900, of which $4,000 is held by III
members in stock shares of 500 each.